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KJackson2020
December 5, 2019
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How does QB handle 27 pay periods in 2020 for salaried employees?

  • December 5, 2019
  • 1 reply
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Best answer by ReymondO

The extra pay period affects salaried employees who are paid bi-weekly, @KJackson2020. 

 

Therefore, they will receive an extra paycheck. QuickBooks will automatically adjust its system by dividing the total salary among the 27 pay periods for next year, rather than 26. This will result to smaller amounts in each paycheck for salaried employees and will take effect at the beginning of the year 2020.


More details about payroll schedules are discussed here: Manage payroll schedules.

 

If you have any additional questions or require further clarification, please comment below.

1 reply

R
ReymondOAnswer
December 5, 2019

The extra pay period affects salaried employees who are paid bi-weekly, @KJackson2020. 

 

Therefore, they will receive an extra paycheck. QuickBooks will automatically adjust its system by dividing the total salary among the 27 pay periods for next year, rather than 26. This will result to smaller amounts in each paycheck for salaried employees and will take effect at the beginning of the year 2020.


More details about payroll schedules are discussed here: Manage payroll schedules.

 

If you have any additional questions or require further clarification, please comment below.

    Phoenix Custom Auto Designs
    Phoenix Custom Auto Designs
    December 20, 2019

    I's like to piggyback on this....

     

    How does QB handle the TD1 claim amounts for 27 pays in 2020?  Will it automatically recognize there will be 27 pays in a year and adjust the claim amounts accordingly?  If QB does not adjust the claim amount, employees will be short-taxed in 2020 or the TD1 exemptions will have to be turned off for the 27th pay resulting in additional tax being deducted from the last pay of the year.

    L
    LauraAB
    December 20, 2019

    Hello again, Phoenix Custom Auto Designs,

     

    I noticed you ended up posting this question to our Canadian QuickBooks Online community site as well. I've left you a response, which you can review here if you've not seen it yet: 27 pay periods in 2020

     

    I want to make sure you have the appropriate information for the product you're using and the country it's for. Have a great rest of your day. :)

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